Growing to new heights
When the company needed to raise funds to build and launch its first full, commercial-scale production facility, Barclays was an obvious choice to arrange the Series B financing, given its long-standing relationship with 80 Acres Farms, as well as the bank’s depth of experience in the AgTech space.
Working as sole placement agent on the $200 million capital raise, the Sustainable & Impact Banking team secured investors who could be strategic partners for 80 Acres Farms based on their existing investments and expertise in consumer retail, technology and sustainability. The investment will help 80 Acres Farms to further its trio of food-production missions: using fewer natural resources, decreasing the carbon footprint of agriculture, and reducing the miles food has to travel for consumption.